Tethys Share Discussion Threads

[casual47] 28/10/2016 15:51

The only real practical difference between now and a year ago is that the loan maturity dates are a year closer.

[roundup] 28/10/2016 15:32

As a going concern, I can't see how this company can proceed. If the assets are put up for sale, perhaps there might be something salvaged, but then all the wee piggies will have their snouts in the trough.

[casual47] 28/10/2016 15:21

All in all just piddling volume today, really, considering the news.

Which is good as it means there will be limited pullback because of the 10 percenters should this (hopefully) go back up.

[casual47] 28/10/2016 14:36

Failure should have already been priced in, otherwise it would have been closer to the 3 pence placing price. Once the initial news shock has been digested share price should level around 1.5 pence.....IMO

[temporarily insane] 28/10/2016 14:31

Magical bounce over on TSX. Cant see the reason why as 15 mins behind. Probably somebody bought 1000 shares. lol

[temporarily insane] 28/10/2016 13:57

Exactly zangdook. I think they have a good reason.

[temporarily insane] 28/10/2016 13:54

......any plan would be a good idea.

[zangdook] 28/10/2016 13:51

I'd like a plan for returning my shareholding to profit...

[casual47] 28/10/2016 13:30

"a detailed plan of returning the company to profit"

Speechless.

[temporarily insane] 28/10/2016 13:26

hguess16....Thank you.

[casual47] 28/10/2016 13:24

Thanks for that Hguess.

"a view to invest in Tethys"

So no plans to put the "for sale" sign out.

Hmmm. How many more failed deals before they realise they are a hopeless bunch and they should really leave the job to more qualified people?

[hguess16] 28/10/2016 13:20

This is response from Tethys to my request for answers following their press release;

" Yes, I am sure that this degree of uncertainty and the share price drop is frustrating to PI's.
"1. You are correct that should the Board wish to remove a director then it would need to go to a shareholder General Meeting. The company has no immediate plans to call one, this option is being explored. 2. Tethys has been approached by a number of companies who are now at different stages of evaluating the company with a view to invest in Tethys.3. The Senior Mgt are working hard to resolve any issues relating to short term and long term funding with a detailed plan of returning the company to profit. 4. The BOD and Senior Mgt realise the harm the last press release has inflicted on PI's and the need to release creditable positive news soon. I am not able to say when our next press release will be issued but I hope it will be soon. As always, the company will continue to release market sensitive information as soon as it is verified."

[j4ckster] 28/10/2016 12:00

I think LSE have a problem, they also say IOF and VAL suspended!!!

[casual47] 28/10/2016 11:56

LSE board is saying share suspended -- true?

[temporarily insane] 28/10/2016 10:56

Looking forward to the future of Tethys Petroleum.

[temporarily insane] 28/10/2016 10:42

Thats how I see it Casual47, especially after the IG Index video on youtube 'putting it out there' regarding requiring funding.

[casual47] 28/10/2016 10:36

D64 -- can you put your feelers out with PAM, ask them what their view is (to the extent they are able to share this seeing as Bill is a director).

Perhaps the recent "backbone" that TPL has demonstrated is inspired by Pope. If they have nothing to back it up with then it's sure high risk brinkmanship. Let's hope they did it because they knew they can get a better deal without Olisol.

[temporarily insane] 28/10/2016 10:14

Devonlad, I read in one of your posts previously that you thought that Kenneth May was a good sort. Could you expand on this please.

[bagless cleaner] 28/10/2016 10:08

Reminds me of the tyre kicker who replies to your ad. He's got no money and expects you to bend over and take it! You'll never see him again!

[lfdkmp] 28/10/2016 09:58

In the interests of disclosure, I do still hold TPL.

Regrettably the holding, once valuable, is now approximating sweet f.a.

No point in selling out now.

[che7win] 28/10/2016 09:42

In the interests of disclosure, I no longer hold any TPL.

Wish all holders all the best.